23 Oct 2009 13:03
23 October 2009
Management Consulting Group PLC
Directorate Changes
Management Consulting Group PLC (the "Group"), the international management consulting group, today announces that Mr. Nicholas Stagg has been appointed to the Board as an executive director, with immediate effect. Mr. Stagg's responsibilities will include developing the Group's strategy and human resources.
Mr. Stagg, 49, was formerly Chief Executive Officer of Teather & Greenwood Holdings plc, the stockbroker. He was appointed Chief Operating Officer in 2001 and became Chief Executive Officer in 2004. Mr Stagg was responsible for developing the business and led its eventual sale to Landsbanki, in 2005, and subsequently to Straumur in 2008. Before this he was Managing Director of WS Atkins International plc with responsibility for running all of WS Atkins' international operations which were based in 24 countries and employed some 2,500 professional staff. Prior to this he worked in property investment and development businesses, and from 1992 to 1999 he was a board member of Lambert Smith Hampton plc, the property consulting business with over 1,000 staff, the last four years of which were as Group Managing Director. He led the business, after a series of acquisitions, to its flotation on the London Stock Exchange in 1995 and subsequently its sale to WS Atkins in 1999.
Mr. Stagg joined Thomson McLintock (now part of KPMG) in 1981 and qualified as a chartered accountant in 1984. He has a degree in physics from University College, London.
Alan Barber, Executive Chairman of Management Consulting Group, said "Nick's extensive background in managing and developing businesses which rely heavily on the motivation and talent of their employees will be extremely valuable to Managing Consulting Group as we develop, and we are fortunate to welcome him to our Board."
A further announcement will be made in due course covering the relevant disclosures required under Rule 9.6.13 of the Listing Rules.
Management Consulting Group PLC also announces today that Mr JP Bolduc has resigned as a non-executive director. Mr. Barber said: "I would like to thank JP Bolduc, who has been a director for 13 years, for his long and valuable service to the Group."
As previously announced, Mr. Barber will give up his executive responsibilities in the middle of next year. The Group will shortly be appointing executive search consultants to assist it in identifying and assessing both internal and external candidates for the role.
For further information please contact:
| Management Consulting Group PLC | Tel: +44 20 7710 5000 |
| Alan Barber, Executive Chairman | |
| Craig Smith, Finance Director | |
| Financial Dynamics | Tel: +44 20 7269 7242 |
| Ben Atwell |
Notes to editors:
Management Consulting Group PLC (MMC.L) is an umbrella organisation for a diverse range of consulting and professional services offerings.
MCG operates through three divisions: Alexander Proudfoot, Ineum Consulting and Kurt Salmon Associates. Alexander Proudfoot provides operational improvement services. Ineum Consulting provides consulting services with industry expertise. Kurt Salmon Associates provides retail and health care consulting. The Group operates worldwide. For further information, visit www.mcgplc.com.